The current owner didn't use a formal walk through check list, but said he looked for clean when tenants vacated. 

The current owner didn't use a formal walk through check list, but said he looked for clean when tenants vacated. 

I called the company yesterday and they told me that US BANK lend up to 70% for 15 or 20 years at 3 to 4% but they are very strict: no credit, clean account and stable income. 

Establish contact and arrange a payoff so that the lien is cancelled before the foreclosure process is triggered by the "Power of Sale" clause in the senior lien aka Deed of Trust in NC.

It's a great real estate course be sure you get college credit for it.I think it's wonderful and you can make money renting it and it sounds like it will be easy to sellGet a cleaning person for it.

But what about the face-to-face evaluations (are they aggressive / professional / responsible / dirty / clean)?

Some of you might be following the deal diary thread my business partner @Bill Labrecque and I started for our 2-family flip in Southington, Connecticut here on BP.After closing we noticed that in the 2-car detached garage the property has there was an "All Nighter" Wood Stove in what was otherwise a completely empty and clean space. 

I pretty much just added smoke detectors, cleaned it real well, added some shelving and smoke detectors.  

If you can find a lender that is investor friendly, they can help you "house hack".I think a lot of banks like to see you occupy the property for at least a year... but if you can find a loophole, more power to you!

That gives tenants all the power and will make these types of conversions next to impossible.